An investor owns a call option on bond with a strike price of 100. The coupon

Question:

An investor owns a call option on bond × with a of 100. The rate on bond × is 9% and has 10 years to maturity. The call option expires today at a time when bond × is selling to yield 8%. Should the investor exercise the call option? Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity. Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...